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| AUGUST 25, 2003 |
Shipping News
- APL rates up 13% in July
NEPTUNE Orient Lines container arm APL has backed up projections of a 'significantly better' second half by showing a 13 per cent improvement in its average July freight rates over its already 17 per cent better first half average.
- Rotterdam port posts 13% growth in S'pore trade
EUROPE's busiest port, Rotterdam, enjoyed a surge in Asia volumes last year, including 13 per cent growth in Singapore trade, but warned increasing direct shipments could erode the importance of transhipment hubs in this region.
- Greek oil tanker sinks deeper, leaks more crude into sea
A Greek oil tanker grounded outside Pakistan's premier port of Karachi since last month, spilled more crude after tilting further and sinking deeper into the sea, a senior official said.
Air and Land Transport
- SIA unlikely to be local rival: Qantas
SINGAPORE Airlines, Asia's largest airline by market value, probably won't become a domestic rival for Qantas Airways and Virgin Blue in Australia, where Qantas is considering starting a low-fare carrier, Qantas managing director Geoff Dixon says.
- Airbus aims for 50% market share in China
- Boeing may lease or sell 30 planes to Russia by end '04
- Vietnam Air spreads its wings
- SALE sees 5-10% rise in aircraft leasing rates
Dockyard
- A cheap way to curb corrosion in double-hull tankers
WHILE US and European politicians appear to believe that the complete answer to the threat of accidental pollution from tankers is the banning of single-hull vessels, the shipping industry is now having to learn with the problems posed by double-hull ships.
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| AUGUST 25, 2003 |
- NOL half-year profits soar to US$88m after loss
- G8 to hike rates on Asia, South Africa trade
- HK customs bust cigarette smugglers at border
- Transpacific lines to increase lumber prices
- Ecu-Line expands operations
- SAS launches freighter run from JFK to Copenhagen
- Lynden Air Freight expands Sino-US operations
- Menlo hub picks up 'A' security certification
- WCA moves for pool
- SAS launches freighter run from JFK to Copenhagen
- Lynden Air Freight expands Sino-US operations
- WCA moves for pool
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| AUGUST 25, 2003 |
- Rickmers New Orleans phased into Pearl String Service
- HHLA orders 24 Kalmar straddle carriers
- New West Africa feeder service to be launched
- Canada Maritime voted among ‘Best Ocean Carriers’
- PSA Corporation shortlisted for Puerto Rico port project
- Famous Pacific Shipping to hold network Agm in Japan
- MOL revises dividends forecast
- Hanjin adds ship to transpacific service
- Shipping Minister Shatrughan Sinha presents SCI Fleet Safety Awards
- MoS to set up task force on Sagar Mala project
- Essar Shipping Board clears Vadinar oil terminal project package
- Flanders emerging as springboard to Europe for Indian cos
- 30 pc rise in edible oil imports during Nov. 2002-July 2003
- Kolkata Port operations unaffected by Bengal bandh
- Congestion at NSICT due to sharp rise in ICD boxes-Capt. Khare
- Rlys may seek partnerships in core projects
- Transporters criticise AIMTC decision on cess
- DPEX Worldwide enters Indian market
- CIDCO swings into action to repair roads in Dronagiri Node - CII’s follow-up yielding ‘concrete’ results
- BCC&I submits critique on Companies (Amendment) Bill 2003 to Centre
- Report envisages Singapore model for Vizag district
- Oil, gas potential in Cambay Basin
- SSI sector produced 7,500 products: Minister
- No export onus on bulk drug imports: DGFT
- ‘C’ form issue to figure in hosiery traders’ meet on Sept. 6
- Core sector growth decelerates to 2.6 pc in July
- Maharashtra still leads in attracting FDI-CM
- Declare SSIs to be NPAs-panel
- World steel prices may hit the roof, warns analyst
- G. Balachandran, Ajay Sahai at helm of Fieo - Dalip Brar is Joint DG, WR
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| AUGUST 22, 2003 |
- South Africa: Fuel salvage operations begin on grounded vessel
- Firming markets spur demand in Gibraltar and Canaries
- Venezuela: Bunker deliveries resume at Puerto Cabello
- African market snapshots
- Iraq's northern pipeline could reopen in 1-2 weeks
- OPEC to discuss quota redistribution
- Clocks reset for OPEC price band mechanism
Without the Tuesday blip below $28, yesterday would have been the 15th day above the ceiling, with only 5 trading days to go before OPEC should in theory consider boosting output.
- Crude steady to soft after gasoline fuelled rally
The last two days of gains have by and large been attributed to Wednesday's US inventory figures, which showed an unexpected draw in crude stocks at the same time as gasoline stock fell to the lowest level in 9 months.
- Brazilian market update
- Rotterdam firms with crude and barges
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| AUGUST 22, 2003 |
- Broström doubles profit
- Ecological disaster looming
- Frontline has settled with Blad
- Positive outlook for ferry traffic to and from Sweden
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| AUGUST 22, 2003 |
- Hike delivers Long Beach pilot boat
Jacobsen Pilot Services Inc. , Long Beach California recently took delivery of a new 54ft welded aluminum pilot boat from Hike Metal Products
- Gunderson books more barge orders
Three oceangoing deck barges worth $25 million
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| AUGUST 22, 2003 |
- Port of Portland to receive gamma-ray scanner vehicle
- Port of Hamburg sets record for half-year container moves
- SEA-LAND EXPRESS grounded off coast of South Africa
- Panama Maritime Authority charging for security certificates
- UPS' vehicle maintenance scheme delivers benefits to company, environment
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| AUGUST 25, 2003 |
- Scrap prices prompt Fredriksen to cash in on $17m Sea Giant
The world’s second largest tanker, the elderly Sea Giant , is understood to have been sold for scrap, writes Tony Gray.
- Gas Natural ready for LNG carrier newbuilding spree
SPANISH energy group Gas Natural plans to spend up to E 525m ($606m) over the next four years on new liquefied natural gas carriers.
- Petroplus prepares to sell substantial stake in Milford Haven gas project
Petroplus, the Rotterdam oil refining and marketing group, is planning to sell a "substantial" equity stake in its LNG project in Wales.
- Spanish demand for gas expected to soar
DEMAND for natural gas in Spain is set to grow from 21bn cu m in 2002 to 44bn cu m by 2011, according to government estimates, writes Brian Reyes in Gibraltar.
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| AUGUST 22, 2003 |
- Cuxhaven cleared to move boxes
- No Daily News on Monday
- Canaveral rockets up cruise league
- Ro-ro detained in Caribbean
- Uranium ore cargo in danger
- Sealand refloat hopes fading
- Cruise fights California legislation
- China-Japan trade hits record
- Birka underlines cruise image
- Late Sea Empress claim revealed
- Petroplus seeks UK LNG investor
- Korean market spurs Australian LNG
- New Red Sea passenger route
- Polembros faces Tasman uncertainty
- Australian toughness questioned
- France presses on with Joola case
- Japan ship orders mount
- Chinese yards may struggle to cope
- Korea deploys more freight trains
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| AUGUST 22, 2003 |
- Truck strike snarls Korean ports
About 30,000 truck drivers walked off the job for the second time in three months, disrupting the flow of cargo.
- Carriers seek security-efficiency balance
Shipping lines and railroads are taking measures to improve the efficiency of their intermodal operations while at the same time improving security in the post-Sept. 11 environment.
- World Shipping Council gets extension on UPS, NCBFAA petitions
- Financial picture brightening for United, executive says
- APM Terminals, CSX vie for Indian box terminal
- Japanese cargo carrier takes delivery of refurbished planes
- Container volume jumps 14 percent at Boston
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| AUGUST 22, 2003 |
- US Government foils al Qaeda arms smuggling scheme
Federal authorities say they have foiled a plot that would have used containers to smuggle weapons into New York Harbour.
- Volatile chemical leaking from beached Maersk vessel
A highly flammable chemical is leaking from a container on board the stranded Sealand Express in Table Bay.
- Cargo left in Korea as truckers strike takes hold
- Chemical alley: Shreyas links chemical industry to Chennai
- Respected US maritime magazine slams industry security system
- Wilhelmshaven plans to be filed in the autumn
- Canadian conference raises rates
- Iraq war contributes to India’s shrinking leather trade
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| AUGUST 22, 2003 |
- Skuld gets reserve concession
Norway grants P&I club temporary exemption from tough finance rules.
- Smit starts lightering Sea-Land Express
Containers will be removed if necessary as fresh refloat efforts are planned.
- TMM under fire over rail deal
Spurned suitor for Mexican shipowner’s rail unit will proceed with planned purchase regardless.
- Big profits for Brostrom
Tanker owner boosts earnings in first half, but still yearns for Swedish tonnage tax.
- Tempers running high over stranded boxship
Fuel oil removal starts today with refloating efforts scheduled to recommence next week.
- Roll up for the big Russian sell-off
Government to offer up stakes in Far Eastern Shipping and 13 other ports and owners by 2006.
- BP tanker caught in port state net
Paris MOU inspectors detain 98 ships in July.
- Gumersindo forms new shipping company
Spanish cargoship owner teams with industrial group to transport boilers.
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| AUGUST 22, 2003 |
- NOL Group posts First-half turnaround
- FMC gives WSC more time to respond to UPS, NCBFAA petitions
- Transpacific lines seek rate increases for forest products
- Grounded "Sealand Express" off-loads fuel oil
- "Rickmers New Orleans" loads for round-the-world service
- Homeland Security ponders aircraft defense systems
- New airline buys small freighters for Japan service
- BIS amends rules to include AES, new trade statistics provisions
- ITC studies economic impact of U.S.-Bahrain free trade agreement
- USDA prepares for LMO international plant pest mitigation standard
- Pfastship introduces software to recover from late shipments
- Port of Boston posts 14% container increase
- Washington State forgives part of Seattle port penalty
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- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
